As the Senate debates the giant tax and spending bill, lawmakers are weighing a Sept. 30 end date for the EV tax credits. The bill still needs to pass the Senate and then go through reconciliation.
Some car owners couldn't claim the EV tax credit for vehicles purchased in 2024 because dealers skipped a key sales reporting step. The IRS is now offering a fix.
Currently, drivers can get a tax credit worth up to $7,500 for buying or leasing an EV. But the incoming administration promised to roll back those credits, which they consider wasteful spending.